Chief cryptoeconomics officer at ConsenSys blockchain technology company ConsenSys, Lex Sokolin thinks so. With high inflation as the reason for its entrenchment, Recently, the largest cryptocurrency in terms of market capitalization traded at $23,508, an increase of 1% over 24 hours. BTC has increased by 40% and ether has nearly doubled in value. However, their momentum has been slowed recently due to a lack of jobs and data that has not led in the right direction.